Corning Dodges EU Antitrust Clash With ‘Gorilla Glass’ Deal (1)

Corning Inc. has avoided the threat of European Union antitrust fines, after it agreed to end exclusivity terms in its supply contracts for break-resistant smartphone screens that the watchdog deemed to be anticompetitive.

The European Commission said in a statement on Friday that the US glass firm had agreed to “waive all exclusive dealing clauses in all its current agreements” in order to allay EU concerns.

Brussels regulators previously alleged that Corning illegally excluded rival producers from large segments of the market, cutting customer choice, increasing prices, and stifling innovation to the detriment of consumers.

Corning’s website says Alkali-AS Glass ...